Pune, the culturally rich city is now turning into a haven for property investment, especially for NRIs. Its strategic location, growing economy and rapidly developing infrastructure make the city a perfect destination for Non-Resident Indians to invest in property.
Why Pune?
Along with its established educational institutions, Pune also has a booming IT industry, thus increasing employment opportunities. This has resulted in the influx in immigrants seeking rental abodes. Buzzing nightlife, delectable international cuisines,cosy cafes, serene neighbourhoods, ambient art galleries and the presence of a diversely affluent NRI/expat community makes Pune a promising investment opportunity.
Prosperous Profits: benefits of investment in Pune
A Steady Flow of Rental Yields: Pune's rental market, in areas like Koregaon Park, Mundhwa, Baner and Hinjawadi offers good rental outputs, presenting a great investment opportunity for NRIs.
High Appreciation Potential: Due to rapid urbanisation and development of the city, properties in Pune have appreciated steadily. Investments in prime locations guarantee profitable returns on capital offered to investors.
Low Maintenance: The cost of property maintenance in Pune is comparatively the lowest among some major Indian cities, making it a convenient investment option for NRIs.
Home Loan for NRIs: Various banks and financial institutions in India provide special home loans to NRIs for investment in real estate, simplifying the budgeting process.
Capital Gains Relief: Re-invest capital gains from selling your first property in specific bonds to avoid taxes.
Luxury Properties In Elite Neighbourhoods: Pune has seen a significant rise in high-end real estate projects in KP, Mundhwa, Balewadi and Baner, catering to the needs of NRIs and expats.
Strong Developer Presence: Pune has a high concentration of reputed builders with many options on residential and commercial projects. These developers ensure construction quality and timely delivery and provide excellent after-sales service.
One such example is Kanchan Developers, a real-estate company redefining luxury living in Pune. Their latest project, codename: #R.A.D (Rich Are Different), aims to deliver the finest luxury homes for the affluent and elites - making it the perfect fit for NRIs.
#R.A.D offers a blend of luxury, safety, convenience, and cultural diversity, making it an attractive choice for NRIs and foreigners seeking a high-quality lifestyle in Pune.
Real Estate Investment Options for NRIs:
Residential Units: Investing in residential properties, such as villas or apartments, provides opportunities for rental income and capital appreciation over the long haul.
Commercial Property: Commercial real estate, like office and retail spaces, is usually considered to have a better renting yield and higher profit of capital, given that it's located within busy business districts.
Tips for first-time NRI property seekers/investors :
Do Your Due Diligence: Research the property, its developers, and the local market before making an investment.
Seek Advice from a Trustworthy Real Estate Agent: From property selection to legal formalities, an expert real estate agent or advisor would provide assistance in dealing with each stage.
Know the Legal Implications: Read and educate yourself about Indian real estate laws and regulations, especially those applicable to NRI investments.
Consider Hiring Professional Property Management Services: Using the services of a reliable property management company will guarantee a return on your investment on the property you buy.
World-class living, Pune style, only at #R.A.D
#R.A.D redefines luxury and introduces you to the distinct world of the rich and affluent. Explore avant-garde homes designed with top-notch amenities, opulent spaces crafted for you to have that international living experience right here in Pune!
Mundhwa - the upcoming epicentre of Pune's elite lifestyle
Mundhwa is rapidly developing into the most sought-after destination for homebuyers in Pune, thanks to Mundhwa's proximity to IT Hubs at Kharadi, Hadapsar and Magarpatta.
Within a very short period, Mundhwa has witnessed a growth in commercial hubs, reputed schools, prominent hospitals, and retail zones.
Indulge in a world of luxury at Pune’s BKC with Kanchan Developers.
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